Four-Duplex Residential
1407-1413 Clarendon Street, Durham, NC 27705
For Sale
$1,387,000
Pending
Four brick, two-story duplexes offer hardwood flooring, central HVAC, and off-street parking.
Property Size6,912 SF
Days on Market173
Property Features for 1407-1413 Clarendon Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
hardwood floors
central HVAC
gas heat
washer/dryer
dishwasher
fenced-in back yard
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Frasher Whaley Realty Group
Listed By:
John Whaley · License #262351
(919) 475-3891
Source:
Hendrenrealtygroup
Added: May 21
Changed: Nov 6
Last Checked: Nov 8 at 8:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frasher Whaley Realty Group
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Investment Insights
Based on property information with market context.
The offering comprises four two-story brick duplexes across four parcels, with a combined property size of 6,912 square feet. Built in 1948, the buildings provide hardwood floors, central HVAC, gas heat, washers and dryers, and dishwashers in each unit. Fenced backyards and off-street parking are also part of the property.
The property is in Durham’s Walltown neighborhood, near Duke and downtown Durham.
The property is in Durham’s Walltown neighborhood, near Duke and downtown Durham.
Key Highlights
- Four duplexes grouped across four parcels
- Brick, two‑story buildings constructed in 1948
- 6,912‑square‑foot property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,352
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,040
$1.2M
Cap Rate 7%
$847,886
$847.9K
Cap Rate 9%
$659,467
$659.5K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$95.4K $13.80/SF
− Vacancy
−$10.6K −$1.53/SF
EGI
$84.8K $12.27/SF
− OpEx
−$25.4K −$3.68/SF
NOI
$59.4K $8.59/SF
Area
Durham, NC
Vacancy
11.11%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,040
Cap Rate 7%
$847,886
Cap Rate 9%
$659,467
Alternative Uses
Best Use
Multifamily LT 5
$847.9K
$741.9K – $989.2K
NOI $59,352 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$742.3K
$649.5K – $866.1K
NOI $51,963 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,237 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
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Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Durham, NC
Properties on Market for Duplexes in Durham
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Four brick, two-story duplexes offer hardwood flooring, central HVAC, and off-street parking.
Where is this duplex located?
The property is located at 1407-1413 Clarendon Street Durham, NC.
What is the asking price?
The asking price for this property is $1,387,000.
What are key features of this property?
This property features: Four duplexes grouped across four parcels; Brick, two‑story buildings constructed in 1948; 6,912‑square‑foot property
